Managed Print Services Market Share
                     Market Highlights 
The global managed print services market is estimated to attain a growth rate of 9% during the 
forecast period (2017-2023), reports Market Research Future (MRFR). The market can reach a 
valuation of USD 51 billion by 2023. 
Market Boosters and Key Restraints  
The size of the managed print services market is set to expand in the coming years, on account of 
rising need to bring down the cost of operations and elevate the convenience in providing 
customized services. Managed print services help gather hindsight for businesses to collect the 
skillset as well as the expertise needed for curbing the risk, complexity, and cost of the unorganized 
infrastructure. These services also help gain visibility and control document processes, which saves 
time, augment productivity, enhances security and sustainability and automates further steps.  
Large enterprises and small and medium enterprises (SMEs) are now making extensive use of 
managed print services. These companies realize the returns on investment (ROI) potential of the 
technology and are constantly looking for opportunities that can help them elevate business 
efficiency. They are expected to take advantage of the new era of digital transformation, which is 
estimated to increase exponentially in the following years.  
Rising adoption of big data solutions seems to have a significant effect on the managed print 
services market. Also, the demand for cloud-based print services is set to surge among large 
companies, which is deemed to add to the market strength in the following years. 
Segmentation: 
The worldwide market for managed print services has been analyzed on the basis of segments like 
component, deployment, organization size, and end users.  
The component segment consists of software, hardware, services, and others. The hardware types 
are fax, copier, printer, and others.  
Deployment-based segments in the market are on-cloud and on-premises.  
The organization sizes mentioned in the report are small & medium enterprises and large 
enterprises.  Large enterprises are making use of on-premise models since they aspire to have 
better control over their data. Hence, the large enterprises segment can achieve the top position in 
the market in the coming years. SMEs, on the other hand, opt for cloud model services, given their 
cost benefits as well as flexibility. 
The end-users in the market are IT and telecommunications, BFSI, healthcare, government, and 
others.  
Regional Analysis  
The global managed print services market share has been regionally split into Asia Pacific (APAC), 
Europe, North America, and the Rest of the World (RoW).  
North America is the most profitable market for managed print services, thanks to the soaring 
demand for cloud-based services across large enterprises. In addition, most of the esteemed copier 
and print manufacturers are based in North America, which enhances the revenue potential of the 
market. 
APAC is estimated to attain the highest growth rate during the conjectured time frame, on account 
of the quickly rising number of small & medium-sized businesses among others. Amplifying 
demand for managed application services in the BFSI sector benefits the regional market as well. 
Executives across the region face issues related to data security, as it directly affects their brand 
reputation. These data security issues call for managed print services, increasing their demand in 
the region. The surge in cybercrime activities, high adoption of mobile devices for accessing the 
corporate network, and surging importance of e-business are projected to boost market demand in 
the ensuing years.  
A number of countries in Europe like France, the United Kingdom (U.K), and Germany are emerging 
as lucrative markets for managed print services. The regional market is also progressing as a result 
of the intensifying demand for multi-functional printers as well as cloud-based services.  
Leading Companies  
The players that are leading the worldwide market for managed print services are Konica Minolta 
(U.K), HP Development Company, L.P. (U.S.), Lexmark International Corporation (U.S.), Toshiba 
Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Kyocera Corporation (Japan), 
Xerox Corporation (U.S.), Konica Minolta, Inc. (Japan), ARC Document Solutions, Inc. (U.S.), HCL 
Technologies (India), Ricoh Company, Ltd. (Japan), Canon UK Limited (U.K), Sharp Corporation 
(Japan), Acrodex Inc. (Canada), Wipro LTD (India), Systems Technology, Inc. (U.S.), Seiko Epson 
Corporation (Japan), to mention a few.  
Recent News 
September 2019 
Flex Technology Group (FTG), a leading managed print services provider, has announced the 
opening of four new office locations across the United States (U.S). These locations include Texas, 
California, Dallas, Connecticut, New Haven, Arizona, Chico, and Mess.